US Mobile Energy Storage Container 40kWh Procurement Tender

When will long-term contracts for energy storage projects be released?

The exact release date for the Long-Term Contracts for Energy Storage Projects remains “TBD,” though a tentative schedule in the draft suggests a public release of the RFP on July 31, 2025. The RFP includes scheduled periods for questions and feedback through the fall, with proposal submissions due by Sept. 10.

What is Massachusetts' energy storage procurement?

The energy storage procurement aligns with Massachusetts’ 2024 legislation, An Act Promoting a Clean Energy Grid, Advancing Equity and Protecting Ratepayers, which directs the state to procure energy storage totaling 5 GW by July 31, 2030. The procurement targets 3.5 GW of mid-duration storage (four to ten hours), totaling 14,000 to 35,000 MWh.

Are energy storage contracts a viable option in Texas?

These contracts are particularly prevalent in Texas, which is an energy-only market (i.e., there is not a separate market for the sale of capacity). As a result, many energy storage resources will enter into hedges that will provide them with some fixed revenue streams to facilitate a project financing.

What are energy storage contracts?

These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.